Business & Money | Wednesday 19 November, 2025 1:28 pm

Partnership between former Prime Minister of the United Kingdom and the Real Estate Future Forum

As part of preparations for the fifth edition of the Real Estate Future Forum, taking place in May 2025, Forum officials met in London with Baroness Theresa May, former Prime Minister of the United Kingdom and member of the House of Lords. The meeting was held during an international tour aimed at...

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Business & Money | Thursday 25 December, 2025 9:44 am

ADQ closes $5 billion financing deal with Asian financial institutions

ADQ, an active sovereign investor focused on critical infrastructure and global supply chains, on Wednesday announced the successful closing of its debut five-year, US$5 billion syndicated term financing deal in the Greater China region.Due to strong demand from financial institutions in China, the ...

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Business & Money | Thursday 25 December, 2025 9:43 am

UAB successfully concludes AED1.0 billion, 2-year Senior Unsecured Dual Tranche Term Loan Facility

United Arab Bank (UAB) announced the successful conclusion of its AED1.0 billion, 2-year Senior Unsecured Dual Tranche Term Loan Facility. The new facility further strengthens UAB’s balance sheet by enhancing its ability to support clients’ needs while advancing the Bank’s strategic...

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Business & Money | Thursday 25 December, 2025 9:42 am

AD Ports Group achieves highest Tier IV standard for data centre accreditation from Uptime Institute

AD Ports Group today announced it is the first global trade and logistics company to achieve Tier IV Certification of Constructed Facility, the highest standard in data centre accreditation, from the Uptime Institute – a New York-based premier certification network for data centre...

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Business & Money | Thursday 25 December, 2025 9:39 am

DEWA awards major contract for critical infrastructure protection in Dubai

Dubai Electricity and Water Authority (DEWA) has awarded a major tender for the supply, installation, testing and commissioning of glass-reinforced epoxy (GRE) water pipelines to protect and divert existing services and other associated works at various locations in Dubai. The project...

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Business & Money | Thursday 25 December, 2025 9:38 am

IMKAN announces strategic acquisition of 51% stake in Majestic Marine Investments Group

IMKAN, a leading global master developer based in Abu Dhabi and a subsidiary of Abu Dhabi Capital Group (ADCG), today announced the acquisition of a 51 percent stake in Majestic Marine Investments Group LLC (Majestic Group), a leading marine engineering and marina construction company operating...

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Business & Money | Thursday 25 December, 2025 9:21 am

Dubai Customs raises intellectual property awareness through innovative workshops under “Neighborhood Councils”

Dubai Customs organized a series of special awareness workshops as part of the “Neighborhood Councils” initiative, targeting different community groups in the Umm Suqeim and Al Rashidiya areas. The initiative reflects Dubai Customs’ commitment to strengthening the culture of intellectual...

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Business & Money | Thursday 25 December, 2025 9:06 am

Alinma Retail REIT changes property manager for some assets

Alinma Retail REIT Fund will not renew the property management contract with Retail Real Estate Co. that is set to expire on Jan. 6, 2026, fund manager Alinma Capital said in a statement to Tadawul. Top Place Co. is taking over property management duties for Almakkan Mall (Hafar...

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Business & Money | Thursday 25 December, 2025 9:05 am

CGS clinches SAR 166M deal with SANAD

Consolidated Grunenfelder Saady Holding Co. (CGS) said it signed a customized solutions project contract with Saudi Aramco Nabors Drilling Co. (SANAD) on Dec. 17, valued at SAR 166.03 million, excluding VAT, according to a statement to Tadawul. The project includes the sale and...

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Business & Money | Thursday 25 December, 2025 9:03 am

ACWA Power announces SAR 2B financial close for Ras Mohaisen IWP

ACWA Power Co. said Ras Mohaisen First Water Desalination Co. (Ras Mohaisen IWP) achieved financial close, with funds secured on Dec. 24 from a consortium of local and international banks comprising Banque Saudi Fransi (BSF), Riyad Bank, The Saudi Investment Bank (SAIB), and Standard Chartered...

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Business & Money | Thursday 25 December, 2025 8:25 am

Social Development Bank Highlights Strategic Partnerships and Global Initiatives at DeveGo 2025

The Social Development Bank (SDB) hosted the second edition of the Entrepreneurship and Modern Business Practices Forum, “DeveGo 2025”, from 21 to 23 December in Riyadh. Held under the patronage of His Excellency Eng. Ahmed bin Sulaiman Al Rajhi, Minister of Human Resources and Social...

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